Guangdong Province Takes Over Beijing with the Most Multi Millionaires

Guangdong Province Takes Over Beijing with the Most Multi Millionaires

The Hurun Research and China CITIC Bank Private Banking have jointly published a reported titled “Going Global: Trends of Chinese High Net Worth Individuals 2016”. The report shows that as of May 2016, Guangdong province has taken over Beijing to become the place with the most multi millionaires this year.

“There are now about 240,000 people in Guangdong with assets more than 10 million yuan (US$ 1.47 million).”

~China Daily

There are now about 240,000 people in Guangdong with assets more than 10 million yuan (US$ 1.47 million). It is followed by Beijing, Shanghai and Zhejiang province. However, Beijing is still the city with the highest density of multi millionaires. There are 1.1 multi millionaires for every 100 people in Beijing.